Innovative platform launches to offer tailored finance solutions to education and training sector

A specialist consumer lending platform – Duologi – has launched a new platform to offer a range of bespoke finance solutions to the education and training sector.

Backed by global investment firm, Oaktree Capital, the company offers training providers the chance to boost course enrolment, reduce drop-out rates and increase course accessibility through the delivery of tailored finance options.

Whether e-learning, vocational courses, professional development or private schooling, Duologi’s platform allows providers to offer flexible loans to their customers, from £150-£25,000 on 3-60 month terms; many at a 0% interest rate.

Lending decisions are typically made within just four seconds, allowing learners to access the financial help they need without burdening providers with credit risk or bad debt. Duologi’s system integrates into existing enrolment channels – over the phone, on-campus and even on-line, ensuring that customer service excellence is maintained.

Unlike many other similar businesses currently in the market, Duologi does not offer a ‘one size fits all’ model. It aims instead to work with each partner on an individual basis to ensure a bespoke service is created for each – without charging set-up costs or monthly fees.

The platform is powered by ground-breaking technology, built from scratch in London, allowing education and training providers to quickly and simply start offering finance to their customers.

Duologi is led by co-CEOs, John Taylor and Gary Little, who between them count more than 50 years’ consumer lending experience at institutions such as Barclays and Close Brothers. Since launching in September 2017, the business has already secured £100m in annual rolling commitments.

Gary Little, co-CEO of Duologi, said: “We know how competitive the education and training sector has become in recent years, so it’s more important than ever that providers set themselves apart from competitors whilst meeting the needs of today’s cash-strapped consumer. Innovative, user-friendly, finance solutions can do just that; providing learners with the flexibility to access the education they need and pay back the cost in a way that suits them.”

John Taylor, co-CEO of Duologi, added: “Our vast experience in this industry means that our finance products are backed by decades of expertise and specifically tailored to the way the education and training sector works. We look at each organisation individually in order to create an approach that fits with their particular needs.

“We are committed to building specialist solutions that will help these organisations improve their accessibility and reduce the risk of non-repayment. We are incredibly excited to be launching this product and look forward to working hard to create innovative solutions for our partners.”